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The gold price is likely to go much higher following the recent FED pivot which confirmed interest rates have peaked and there should be several cuts during next year. Historically gold does very well in a falling rates environment. This is why we have all been holding and now they are trying to snatch it away from us for a paltry 13.5p 🤬
I can't give you a prediction for today but my view is TYM is a potential ten bagger, especially given the likelihood of a strong copper market in the coming years. It is one to buy a decent size position at the low prices offered at the moment and hang on to it tightly
I think some people with decent sized holdings were selling out so that they could buy back in the placing.
This obviously dragged the share price down. Today we saw some panic selling and margin calls but I actually think it may turn out better to put funding and the Canadian listing on hold. There is a good chance sentiment on AIM will improve in the coming weeks, as it is at rock bottom now, especially in the gold sector
We're paying for the delay in ramping up production at Kouroussa.
Corris is in a far better position than we are to assess the likely operational performance in 2024 and wouldn't be chucking in an additional $25million in equity if it thought the outlook was negative
The FED looks at real rates when judging how restrictive monetary policy is. As the rate of inflation falls real interest rates increase. This allows the FED to cut nominal interest rates without loosening monetary policy. This is why the market is pricing in interest rate cuts next year and not because it believes something will break
Https://twitter.com/newswireZW/status/1730221363862905108?t=sstYbP02hh17PP3IVfhcZA&s=19
I hope this doesn't mean the end of our fledgling spodumene export business
The best sell quote I can currently get is 2.95p and there is only 1 market maker quoting a price.
There must be a big sell order that they are trying to work. Perhaps they will smash the offer down to around 3p to try and get some volume?